VP- Auto Loans Products

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading financial institution in Abu Dhabi seeks an experienced professional in product management to establish a profitable remittance business and enhance product offerings. The ideal candidate will have over 10 years of experience, significant expertise in developing strategies and managing product portfolios, and a strong commitment to compliance and client satisfaction. This role offers full-time employment with no remote work options.

Qualifications

• Minimum of 10 years of experience in product management and portfolio management.

Responsibilities

• Establish profitable remittance business with new capabilities.
• Develop and manage strategies for revenue generation.
• Lead marketing campaigns for product growth.
• Ensure compliance with local and international regulations.
• Enhance products based on client feedback and industry trends.

Skills

Product management

Strategic development

Marketing collaboration

Regulatory compliance

Client relationship management

Education

Bachelor's degree in Business Administration, Business Management, Finance or related discipline

Job description

The role holder is responsible for establishing a profitable remittance business by introducing new remittance capabilities/functionalities to increase the penetration of customers using FAB remittance services.

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Product management

• Supports Head of Everyday Banking in developing and managing strategies aimed at generating revenue through assigned line of conventional and Islamic products in alignment with CBG objectives.
• Leads the effort to develop and execute marketing campaigns to drive product growth ensuring collaboration with the internal marketing team to ensure alignment with FAB brand.
• Identifies and evaluates potential business partners for new and innovative solution to grow the business.
• Establishes profitable and sustainable product mix for conventional and Islamic product lines.
• Leads harmonisation of products or services and ensures maintaining the level of knowledge about products and services offered by the competition in the UAE and region.
• Leads the project to ensure compliance with the local and international regulation.

Product Development

• Develops product and client propositions and get agreement from various stakeholders in an efficient manner in alignment with client needs.
• Leads the new product approval process for new products and enhancements by syndicating and getting approvals from relevant stakeholders.
• Partners with Compliance and Legal teams to ensure that products meet all regulatory requirements ensuring efficiency.
• Collaborates with Marketing to develop educational and promotional product literature to support uptake of new products.
• Serves as product expert and respond to requests and questions from internal business partners.
• Develops policies and procedures related to the assigned products in order to ensure adherence to guidelines and mitigate risk.
• Enhances current products and services based on new industry trends or opportunities as well as identifying gaps in current products based on the feedback received from customer service team in order to ensure client satisfaction.

Relationship Management

• Collaborates with the Distribution and Channels IT Digital transformation and mobile platforms teams in order to develop innovative and efficient electronic delivery solutions for assigned products and services ensuring client satisfaction
• Attends industry forums events and conferences in order to stay abreast of new trends and client requirements for product development.
• Collaborate with external partners (payment schemes exchange houses fintechs etc. to come up with attractive products and services for FAB customers.

Internal Collaboration

• Develops relationships and coordinates with other departments to meet client service expectations.
• Engages with stakeholders including Operations Technology Branches Legaletc. to develop products based on market needs.

Qualifications

• Bachelors degree in Business Administration Business Management Finance or any related discipline
• Minimum of 10 years of experience in product management and portfolio management etc.

Remote Work

No

Employment Type

Fulltime